Self-Funding is More Popular than Ever!

by Gregg Kennerly | Published Wednesday, February 10, 2016

With large health insurers warning that rate increases will be 20% to 30% in 2016, it’s time to look at cutting costs through self-funding your medical benefits. More companies are using self-funded contracts than ever before.

Brief Overview of Why You Should Consider Self-funding:

New contract designs have made self-funding feasible for companies with as few as 20 employees

Companies with 50 to 500 employees should definitely be looking at self-funding

With over 50 years of combined experience in benefits, we are experts in self-funding for companies with 20 to 500+ employees. Let Advanced Benefit Strategies show you how much your company can save. Call or email us.

Gregg Kennerly, Principal

Certified Healthcare Reform Specialist

In his career, Gregg has developed specialized expertise in “consumer-driven” and high deductible health plans with HSA and HRA strategies, and sold the first HSA plans issued in Virginia through Assurant Health. He is an expert in analyzing plan design data and has served as account executive for national accounts such as Coca-Cola Enterprises and Tenet HealthCare. Gregg utilizes a strategic approach to establish goals based on each client’s unique culture and competitive environment, and measuring results against jointly established criteria.
Gregg Kennerly is a Principal at Advanced Benefit Strategies of Virginia, LLC.

Contact Info

Advanced Benefit Strategies of Virginia, LLC

Gregg Kennerly, Principal

Andrea Eggleston, Principal

Karen Bolstad, Senior Operations Director

Carol Watson, Senior Account Executive

Testimonials

We found the services of Advanced Benefit Strategies to be very helpful in making the hard decisions concerning maintaining employee coverage. Their knowledge of the field and their genuine concern for the best possible plan was a great help in creating a plan that would fit the needs of our staff of forty-five. The total plan continues to benefit our employees and the overall savings helps keep the costs affordable. Both Greg and Andrea are always there when questions arise and provide great support all year long. I highly recommend their services for your employee benefit needs.

The U.S. Department of Labor (DOL) has adopted the primary beneficiary test for determining whether interns of for-profit employers count as employees under the federal Fair Labor Standards Act (FLSA). The FLSA […]